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Connected Home Appliance Market - Opportunities and Forecast, 2016 - 2020

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According to the report, one driver leading to the growth of this market will be the rising smartphone penetration. The US is the world's largest 4G market. Currently, it has 80% smartphone adoption rate with respect to its population.
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Connected Home Appliance Market in the US to grow at a
CAGR of 39.47% during the period 2016-2020
Summary
Technavio Announces the Publication of its Research Report – Connected Home Appliance Market in the
US 2016-2020
Technavio recognizes the following companies as the key players in the Connected Home Appliance
Market in the US: ARRIS, AT&T, Comcast, Honeywell, and Samsung.
Other Prominent Vendors in the market are: Bosch, Control4, Dacor, Electrolux, Frigidaire, GE, Haier,
iControl Networks, Ingersoll-Rand, LG, Panasonic, Sprint, Thermador, Vivint, and Whirlpool.
Commenting on the report, an analyst from Technavio’ s team said: “One trend inciting market growth
is the use of Bluetooth and low-power Wi-Fi to operate smart home products. Low-power Wi-Fi has its
significance with the combination of two products: Roost (a connected battery) and Homeboy (a
rechargeable security camera). Roost converts a smoke detector into a connected smoke detector
working through the low-power Wi-Fi IP, which is built as per the standard protocol. The main
advantage is the easier and the fast communication that occurs due to Bluetooth technology, unlike WiFi that consumes time due to cloud networking for transferring and retrieving the information.”
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According to the report, one driver leading to the growth of this market will be the rising smartphone
penetration. The US is the world's largest 4G market. Currently, it has 80% smartphone adoption rate
with respect to its population. Increasing smartphone data usage is driving the connected home
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appliances
market
in
remote
monitoring
and
controlling
of
the
devices.
Further, the report states that a major challenge for this market will be the lack of awareness and
understanding of connected devices. The market is facing high end-consumer conservatism in terms of
smart home technology. Consumers are unaware of the latest technological advances and the possible
benefits. Therefore, in most cases, they are apprehensive about embracing smart home technology.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor
landscape
in
addition
to
a
SWOT
analysis
of
the
key
vendors.
About Connected Home Appliances
Smart home appliances allow users to monitor and control household activities from a remote location.
These appliances allow for a convenient lifestyle and enhance the quality of life. They conserve energy
and, therefore, help reduce electricity bills.
Connected home appliance companies are focusing on the untapped consumer segments to boost
market revenue. The market is expected to witness rapid growth in the forecast period due to the
increased awareness of connected devices.
Technavio’ s analysts forecast the connected home appliance market in the US to grow at a CAGR of
39.47% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the connected home appliance
market in the US 2016-2020. To calculate the market size, the report considers the revenue generated
from the connected services provided by telecom operators, Internet service providers, managed
service providers, and equipment providers for smart appliances.
Key vendors
• ARRIS
• AT&T
• Comcast
• Honeywell
• Samsung
Other prominent vendors
• Bosch
• Control4
• Dacor
• Electrolux
• Frigidaire
• GE
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• Haier
• iControl Networks
• Ingersoll-Rand
• LG
• Panasonic
• Sprint
• Thermador
• Vivint
• Whirlpool
Market driver
• High availability of home broadband connectivity
• For a full, detailed list, view our report
Market challenge
• Lack of standardization and interoperability of devices
• For a full, detailed list, view our report
Market trend
• Increased adoption of cloud-based technologies
• For a full, detailed list, view our report
You can request one free hour of our analyst’ s time when you purchase this market report. Details are
provided within the report.
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Table Of Content
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market drivers
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PART 07: Impact of drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
• Competitive scenario
• Mergers and acquisitions
• Key vendor analysis
• Other prominent vendors
PART 12: Appendix
• List of abbreviations
PART 13: Explore Technavio
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matthewjlarue
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